Connect with us

Technology

Aviat Networks Announces Fiscal 2025 First Quarter and Three Month Financial Results

Published

on

Total Revenue of $88.4 million; Up 1.7% Year-Over-Year

Adjusted EBITDA of $(7.7) million

Non-GAAP Diluted Earnings per Share of $(0.87)

AUSTIN, Texas, Nov. 5, 2024 /PRNewswire/ — Aviat Networks, Inc. (“Aviat Networks,” “Aviat,” or the “Company”), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2025 first quarter ended September 27, 2024.

First Quarter Highlights

Continued to gain share of demand in North America based on FCC filing dataClosed acquisition of 4RF and secured first order for new Aprisa 5G cellular router to a North American utility companyBegan shipping product to recently won state-wide private network customer on the East Coast

First Quarter Financial Highlights

Total Revenues: $88.4 million, up 1.7% from the same quarter last yearGAAP Results: Gross Margin 22.4%; Operating Expenses $35.4 million; Operating Loss $(15.6) million; Net Loss $(11.9) million; Net Loss per diluted share (“Net Loss per share”) $(0.94)Non-GAAP Results: Adjusted EBITDA $(7.7) million; Gross Margin 23.2%; Operating Expenses $30.0 million; Operating Loss $(9.5) million; Net Loss $(11.1) million; Net Loss per share $(0.87)Net cash and cash equivalents: $51.0 million; cash net of debt: $(32.3) million

Fiscal 2025 First Quarter and Three Months Ended September 27, 2024

Revenues

The Company reported total revenues of $88.4 million for its fiscal 2025 first quarter, compared to $86.9 million in the fiscal 2024 first quarter, an increase of $1.5 million or 1.7%. North America revenue of $42.2 million decreased by $(12.6) million or (23.0)%, compared to $54.9 million in the prior year due lower tier 1 demand and timing of certain private network projects. International revenue of $46.2 million increased by $14.1 million or 44.1%, compared to $32.1 million in the prior year. This growth was due to the addition from the Pasolink acquisition.

Gross Margins

In the fiscal 2025 first quarter, the Company reported GAAP gross margin of 22.4% and non-GAAP gross margin of 23.2%. This compares to GAAP gross margin of 35.9% and non-GAAP gross margin of 36.2% in the fiscal 2024 first quarter, a decrease of (1,350) and (1,300) basis points, respectively. The decrease was driven by mix shift away from higher margin projects and regions in the quarter.

Operating Expenses

The Company reported GAAP total operating expenses of $35.4 million for the fiscal 2025 first quarter, compared to $26.3 million in the fiscal 2024 first quarter, an increase of $9.1 million or 34.4%. Non-GAAP total operating expenses, excluding the impact of restructuring charges, share-based compensation, and merger and acquisition expenses for the fiscal 2025 first quarter were $30.0 million, compared to $23.9 million in the prior year, an increase of $6.2 million or 25.8%.

Operating Income

The Company reported GAAP operating loss of $(15.6) million for the fiscal 2025 first quarter, compared to a GAAP operating income of $4.9 million in the fiscal 2024 first quarter, a decrease of $(20.5) million. Operating income decreased primarily due to lower gross margin and higher operating expenses as a result of the Pasolink and 4RF transactions. On a non-GAAP basis, the Company reported operating loss of $(9.5) million for the fiscal 2025 first quarter, compared to a non-GAAP operating income of $7.6 million in the prior year, a decrease of $(17.1) million.

Income Taxes

The Company reported GAAP income tax benefit of $(5.5) million in the fiscal 2025 first quarter, compared to a GAAP income tax expense of $0.4 million in the fiscal 2024 first quarter.

Net Income / Net Income Per Share

The Company reported GAAP net loss of $(11.9) million in the fiscal 2025 first quarter or GAAP net loss per share of $(0.94). This compared to GAAP net income of $3.6 million or GAAP net income per share of $0.30 in the fiscal 2024 first quarter. On a non-GAAP basis, the Company reported net loss of $(11.1) million or non-GAAP net income per share of $(0.87), compared to non-GAAP net income of $7.2 million or $0.60 per share in the prior year.

Adjusted EBITDA

Adjusted earnings before interest, tax, depreciation and amortization (“Adjusted EBITDA”) for the fiscal 2025 first quarter was $(7.7) million, compared to $8.9 million in the fiscal 2024 first quarter, a decrease of $(16.6) million.

Balance Sheet Highlights

The Company reported $51.0 million in cash and cash equivalents as of September 27, 2024, compared to $64.6 million as of June 28, 2024. As of September 27, 2024, total debt was $83.4 million, an increase of $35.0 million from June 28, 2024.

Fiscal 2025 Full Year Outlook

The Company is updating its fiscal 2025 full year guidance as follows:

Full year Revenue between $430 and $470 millionFull year Adjusted EBITDA between $30.0 and $40.0 million

Conference Call Details

Aviat Networks will host a conference call at 4:30 p.m. Eastern Time (ET) today, November 5, 2024, to discuss its financial and operational results for the fiscal 2025 first quarter ended September 27, 2024. Participating on the call will be Peter Smith, President and Chief Executive Officer; Michael Connaway, Sr. Vice President and Chief Financial Officer; and Andrew Fredrickson, Director of Corporate Development and Investor Relations. Following management’s remarks, there will be a question and answer period.

Interested parties may access the conference call live via the webcast through Aviat Network’s Investor Relations website at investors.aviatnetworks.com/events-and-presentations/events, or may participate via telephone by registering using this online form. Once registered, telephone participants will receive the dial-in number along with a unique PIN number that must be used to access the call. A replay of the conference call webcast will be available after the call on the Company’s investor relations website.

About Aviat Networks

Aviat Networks, Inc. is the leading expert in wireless transport and access solutions and works to provide dependable products, services and support to its customers. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high performance products, simplified operations, and the best overall customer experience. Aviat is headquartered in Austin, Texas. For more information, visit www.aviatnetworks.com or connect with Aviat Networks on Facebook and LinkedIn.

Forward-Looking Statements

The information contained in this Current Report on Form 8-K includes forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including Aviat’s beliefs and expectations regarding outlook, business conditions, new product solutions, customer positioning, future orders, bookings, new contracts, cost structure, profitability in fiscal 2025, its recent acquisitions and acquisition strategy, process improvements, measures designed to improve internal controls, its ability to maintain effective internal control over financial reporting and management systems and remediate material weaknesses, plans and objectives of management, realignment plans and review of strategic alternatives and expectations regarding future revenue, gross margin, Adjusted EBITDA, operating income or earnings or loss per share. All statements, trend analyses and other information contained herein regarding the foregoing beliefs and expectations, as well as about the markets for the services and products of Aviat and trends in revenue, and other statements identified by the use of forward-looking terminology, including “anticipate,” “believe,” “plan,” “estimate,” “expect,” “goal,” “will,” “see,” “continue,” “delivering,” “view,” and “intend,” or the negative of these terms or other similar expressions, constitute forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, forward-looking statements are based on estimates reflecting the current beliefs, expectations and assumptions of the senior management of Aviat regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Forward-looking statements should therefore be considered in light of various important factors, including those set forth in this document. Therefore, you should not rely on any of these forward-looking statements.

Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include the following: the disruption the 4RF and NEC transactions may cause to customers, vendors, business partners and our ongoing business; our ability to integrate the operations of the acquired 4RF and NEC businesses with our existing operations and fully realize the expected synergies of the 4RF and NEC transactions on the expected timeline; disruptions relating to the ongoing conflict between Russia and Ukraine and the conflict in Israel and surrounding areas; continued price and margin erosion in the microwave transmission industry; the impact of the volume, timing, and customer, product, and geographic mix of our product orders; our ability to meet financial covenant requirements; the timing of our receipt of payment; our ability to meet product development dates or anticipated cost reductions of products; our suppliers’ inability to perform and deliver on time, component shortages, or other supply chain constraints; the effects of inflation; customer acceptance of new products; the ability of our subcontractors to timely perform; weakness in the global economy affecting customer spending; retention of our key personnel; our ability to manage and maintain key customer relationships; uncertain economic conditions in the telecommunications sector combined with operator and supplier consolidation; our failure to protect our intellectual property rights or defend against intellectual property infringement claims; the results of our restructuring efforts; the effects of currency and interest rate risks; the ability to preserve and use our net operating loss carryforwards; the effects of current and future government regulations; general economic conditions, including uncertainty regarding the timing, pace and extent of an economic recovery in the United States and other countries where we conduct business; the conduct of unethical business practices in developing countries; the impact of political turmoil in countries where we have significant business; our ability to realize the anticipated benefits of any proposed or recent acquisitions; the impact of tariffs, the adoption of trade restrictions affecting our products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; our ability to implement our stock repurchase program or that it will enhance long-term stockholder value; and the impact of adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults or non-performance by financial institutions.

For more information regarding the risks and uncertainties for Aviat’s business, see “Risk Factors” in Aviat’s Form 10-K for the fiscal year ended June 28, 2024 filed with the U.S. Securities and Exchange Commission (“SEC”) on October 4, 2024, as well as other reports filed by Aviat with the SEC from time to time. Aviat undertakes no obligation to update publicly any forward-looking statement, whether written or oral, for any reason, except as required by law, even as new information becomes available or other events occur in the future.

Investor Relations:
Andrew Fredrickson
Director, Corporate Development & Investor Relations
Phone: (512) 582-4626
Email: andrew.fredrickson@aviatnet.com

 

Table 1

AVIAT NETWORKS, INC.

Fiscal Year 2025 First Quarter Summary

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

 

Three Months Ended

(In thousands, except per share amounts)

September 27,
2024

September 29,
2023

Revenues:

Product sales

$               61,116

$               59,545

Services

27,313

27,364

Total revenues

88,429

86,909

Cost of revenues:

Product sales

52,201

36,313

Services

16,440

19,401

Total cost of revenues

68,641

55,714

Gross margin

19,788

31,195

Operating expenses:

Research and development

10,408

6,424

Selling and administrative

24,948

19,237

Restructuring charges

644

Total operating expenses

35,356

26,305

Operating (loss) income

(15,568)

4,890

Interest expense, net

1,115

99

Other expense, net

710

802

(Loss) income before income taxes

(17,393)

3,989

(Benefit from) provision for income taxes

(5,514)

432

Net (loss) income

$             (11,879)

$                 3,557

Net (loss) income per share of common stock outstanding:

Basic

$                 (0.94)

$                   0.31

Diluted

$                 (0.94)

$                   0.30

Weighted-average shares outstanding:

Basic

12,646

11,574

Diluted

12,646

11,943

 

Table 2

AVIAT NETWORKS, INC.

Fiscal Year 2025 First Quarter Summary

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

 

(In thousands)

September 27,
2024

June 28,
2024

ASSETS

Current Assets:

Cash and cash equivalents

$                    51,034

$                    64,622

Accounts receivable, net

169,002

158,013

Unbilled receivables

94,725

90,525

Inventories

79,559

62,267

Assets held for sale

2,720

Other current assets

32,942

27,076

Total current assets

427,262

405,223

Property, plant and equipment, net

11,883

9,480

Goodwill

15,153

8,217

Intangible assets, net

28,754

13,644

Deferred income taxes

91,317

83,112

Right-of-use assets

3,665

3,710

Other assets

12,823

11,837

Total long-term assets

163,595

130,000

Total assets

$                  590,857

$                  535,223

LIABILITIES AND EQUITY

Current Liabilities:

Accounts payable

$                  104,926

$                    92,854

Accrued expenses

39,137

42,148

Short-term lease liabilities

1,125

1,006

Advance payments and unearned revenue

79,380

58,839

Other current liabilities

21,234

21,614

Current portion of long-term debt

2,395

2,396

Total current liabilities

248,197

218,857

Long-term debt

80,980

45,954

Unearned revenue

7,522

7,413

Long-term operating lease liabilities

2,782

2,823

Other long-term liabilities

407

394

Reserve for uncertain tax positions

3,445

3,485

Deferred income taxes

412

412

Total liabilities

343,745

279,338

Commitments and contingencies

Stockholder’s equity:

Preferred stock

Common stock

127

126

Treasury stock

(6,479)

(6,479)

Additional paid-in-capital

861,023

860,071

Accumulated deficit

(590,392)

(578,513)

Accumulated other comprehensive loss

(17,167)

(19,320)

Total stockholders’ equity

247,112

255,885

Total liabilities and stockholders’ equity

$                  590,857

$                  535,223

 

AVIAT NETWORKS, INC.

Fiscal Year 2025 First Quarter Summary

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND REGULATION G DISCLOSURE

 

To supplement the consolidated financial statements presented in accordance with accounting principles generally accepted in the United States (GAAP), we provide additional measures of gross margin, research and development expenses, selling and administrative expenses, operating income, provision for or benefit from income taxes, net income, net income per share, and adjusted income before interest, tax, depreciation and amortization (Adjusted EBITDA), in each case, adjusted to exclude certain costs, charges, gains and losses, as set forth below. We believe that these non-GAAP financial measures, when considered together with the GAAP financial measures provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionate positive or negative impact on results in any particular period. We also believe these non-GAAP measures enhance the ability of investors to analyze trends in our business and to understand our performance. In addition, we may utilize non-GAAP financial measures as a guide in our forecasting, budgeting and long-term planning process and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP. Reconciliations of these non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP follow.

1We have not reconciled Adjusted EBITDA guidance to its corresponding GAAP measure due to the high variability and difficulty in making accurate forecasts and projections, particularly with respect to merger and acquisition costs and share-based compensation. In particular, share-based compensation expense is affected by future hiring, turnover, and retention needs, as well as the future fair market value of our common stock, all of which are difficult to predict and subject to change. Accordingly, reconciliations of forward-looking Adjusted EBITDA are not available without unreasonable effort.

 

Table 3

AVIAT NETWORKS, INC.

Fiscal Year 2025 First Quarter Summary

RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (1)

Condensed Consolidated Statements of Operations

(Unaudited)

 

Three Months Ended

September 27,
2024

% of

Revenue

September 29,
2023

% of

Revenue

(In thousands, except percentages and per share amounts)

GAAP gross margin

$           19,788

22.4 %

$           31,195

35.9 %

Share-based compensation

104

183

Merger and acquisition and other expenses

608

43

Non-GAAP gross margin

20,500

23.2 %

31,421

36.2 %

GAAP research and development expenses

$           10,408

11.8 %

$             6,424

7.4 %

Share-based compensation

(143)

(146)

Non-GAAP research and development expenses

10,265

11.6 %

6,278

7.2 %

GAAP selling and administrative expenses

$           24,948

28.2 %

$           19,237

22.1 %

Share-based compensation

(1,417)

(1,505)

Merger and acquisition and other expenses

(3,781)

(146)

Non-GAAP selling and administrative expenses

19,750

22.3 %

17,586

20.2 %

GAAP operating (loss) income

$         (15,568)

(17.6) %

$             4,890

5.6 %

Share-based compensation

1,664

1,834

Merger and acquisition and other expenses

4,389

189

Restructuring charges

644

Non-GAAP operating (loss) income

(9,515)

(10.8) %

7,557

8.7 %

GAAP income tax (benefit) provision

$           (5,514)

(6.2) %

$                432

0.5 %

Adjustment to reflect pro forma tax rate

6,014

(132)

Non-GAAP income tax provision

500

0.6 %

300

0.3 %

GAAP net (loss) income

$         (11,879)

(13.4) %

$             3,557

4.1 %

Share-based compensation

1,664

1,834

Merger and acquisition and other expenses

4,389

189

Restructuring charges

644

Other expense, net

710

802

Adjustment to reflect pro forma tax rate

(6,014)

132

Non-GAAP net (loss) income

$         (11,130)

(12.6) %

$             7,158

8.2 %

Diluted net (loss) income per share:

GAAP

$             (0.94)

$               0.30

Non-GAAP

$             (0.87)

$               0.60

Shares used in computing diluted net (loss) income per share

GAAP

12,646

11,943

Non-GAAP

12,804

11,943

Adjusted EBITDA:

GAAP net (loss) income

$         (11,879)

(13.4) %

$             3,557

4.1 %

Depreciation and amortization of property, plant and equipment and intangible assets

1,830

1,344

Interest expense, net

1,115

99

Other expense, net

710

802

Share-based compensation

1,664

1,834

Merger and acquisition and other expenses

4,389

189

Restructuring charges

644

(Benefit from) provision for income taxes

(5,514)

432

Adjusted EBITDA

$           (7,685)

(8.7) %

$             8,901

10.2 %

(1)

The adjustments above reconcile our GAAP financial results to the non-GAAP financial measures used by us. Our non-GAAP net income excluded share-based compensation, and other non-recurring charges (recovery). Adjusted EBITDA was determined by excluding depreciation and amortization on property, plant and equipment, interest, provision for or benefit from income taxes, and non-GAAP pre-tax adjustments, as set forth above, from GAAP net income. We believe that the presentation of these non-GAAP items provides meaningful supplemental information to investors, when viewed in conjunction with, and not in lieu of, our GAAP results. However, the non-GAAP financial measures have not been prepared under a comprehensive set of accounting rules or principles. Non-GAAP information should not be considered in isolation from, or as a substitute for, information prepared in accordance with GAAP. Moreover, there are material limitations associated with the use of non-GAAP financial measures.

 

Table 4

AVIAT NETWORKS, INC. 

Fiscal Year 2025 First Quarter Summary

SUPPLEMENTAL SCHEDULE OF REVENUE BY GEOGRAPHICAL AREA

(Unaudited)

 

Three Months Ended

September 27,
2024

September 29,
2023

(In thousands)

North America

$                    42,225

$                    54,853

International:

Africa and the Middle East

10,450

9,954

Europe

5,600

5,252

Latin America and Asia Pacific

30,154

16,850

Total international

46,204

32,056

Total revenue

$                    88,429

$                    86,909

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/aviat-networks-announces-fiscal-2025-first-quarter-and-three-month-financial-results-302296829.html

SOURCE Aviat Networks, Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

SOPHiA GENETICS and Genomenon Collaborate to Streamline Genetic Research

Published

on

By

The companies expand partnership to enhance genetic variant interpretation for cancers and rare diseases

BOSTON and ROLLE, Switzerland , Nov. 6, 2024 /PRNewswire-PRWeb/ — SOPHiA GENETICS (Nasdaq: SOPH), a cloud-native healthcare technology leader in data-driven medicine, today announced the next step in the partnership between the Company and Genomenon, a leading genomic intelligence company, to support better, data-driven outcomes in the rare disease and oncology fields. The two companies have expanded the integration of Genomenon’s Mastermind® Genomic Intelligence Platform into SOPHiA GENETICS’ Alamut™ Visual Plus, to empower researchers and clinical geneticists with a solution that helps accelerate variant interpretation for rare disorders.

Time is crucial in gathering actionable insights for rare diseases and cancers due to the complexity and unknown elements of their genetic underpinnings. Identifying these variants often involves navigating limited literature and sparse data, as many rare disorders lack comprehensive studies. Delays in finding relevant information can hinder accurate analysis and interpretation of genomic variants. Many rare conditions have no cure, and easy access to relevant, comprehensive and well-organized information can help accelerate insights and health decisions.

Alamut™ Visual Plus is an advanced decision-support tool for the exploration, annotation, and interpretation of genetic variants from next-generation sequencing (NGS) data. Genomenon’s Mastermind® Genomic Intelligence Platform provides comprehensive curated evidence for genomic data, as well an indexed content from more than 10 million full-text articles. The integration of the two tools significantly enhances variant curation and interpretation by connecting the Alamut™ Visual Plus comprehensive, full genome browser for variant interpretation to a vast library of scientific research, offering critical insights even for rare variants with limited existing research. This partnership will prove especially valuable in such cases where findings from only a single study globally might be available that hold the key to understanding a variant’s pathogenicity. By offering immediate access to a broad spectrum of indexed data and curated genomic insights, researchers and clinicians can more efficiently assess the pathogenicity of variants, enabling them to make informed decisions with greater confidence.

“We are excited to expand our work with Genomenon and provide our customers the opportunity to access world-class tools like Mastermind® through our technology platform.” said Ross Muken, President, SOPHiA GENETICS. “This partnership simultaneously benefits our customers, who will gain a more comprehensive understanding of detected variants in a seamless, single platform, while providing Genomenon the opportunity to broaden its reach through our unmatched global network.”

“Collaborating with SOPHiA GENETICS allows us to provide geneticists and researchers with the most comprehensive and up-to-date genomic research available as they review patient data in Alamut,” said Mike Klein, CEO of Genomenon. “The links to Mastermind® from Alamut will put curated genomic data and the most recent research on every variant at the fingertips of clinicians assure patient diagnoses are informed by the most recent scientific findings in a single, complete workflow.”

For more information on SOPHiA GENETICS, visit SOPHiAGENETICS.COM, or connect on LinkedIn.

About SOPHiA GENETICS
SOPHiA GENETICS (Nasdaq: SOPH) is a cloud-native healthcare technology company on a mission to expand access to data-driven medicine by using AI to deliver world-class care to patients with cancer and rare disorders across the globe. It is the creator of the SOPHiA DDM™ Platform, which analyzes complex genomic and multimodal data and generates real-time, actionable insights for a broad global network of hospital, laboratory, and biopharma institutions. For more information, visit SOPHiAGENETICS.COM and connect with us on LinkedIn.

About Genomenon
Genomenon is a leading genomic intelligence company transforming patient care by uncovering the genomic drivers of genetic disease and cancer. By combining the power of AI built on the world’s premier genomic data set with genomic expertise, the company simplifies complex genetic data into actionable insights. Genomenon’s integrated software, data, and services solutions empower clients with advanced patient diagnosis and precision medicine development. For more information, visit GENOMENON.COM.

SOPHiA GENETICS products are for Research Use Only and not for use in diagnostic procedures unless specified otherwise. The information in this press release is about products that may or may not be available in different countries and, if applicable, may or may not have received approval or market clearance by a governmental regulatory body for different indications for use. Please contact support@sophiagenetics.com to obtain the appropriate product information for your country of residence.

SOPHiA GENETICS Forward-Looking Statements:
This press release contains statements that constitute forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy, products, and technology, as well as plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including those described in our filings with the U.S. Securities and Exchange Commission. No assurance can be given that such future results will be achieved. Such forward-looking statements contained in this press release speak only as of the date hereof. We expressly disclaim any obligation or undertaking to update these forward-looking statements contained in this press release to reflect any change in our expectations or any change in events, conditions, or circumstances on which such statements are based, unless required to do so by applicable law. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements.

SOPHiA GENETICS Media Contact:
Kelly Katapodis
media@sophiagenetics.com

Genomenon Media Contact:
Colleen McMillen
cmcmillen@genomenon.com

Media Contact

Colleen McMillen, https://www.genomenon.com, 9173449360, cmcmillen@genomenon.com, https://www.genomenon.com

Twitter

View original content to download multimedia:https://www.prweb.com/releases/sophia-genetics-and-genomenon-collaborate-to-streamline-genetic-research-302297017.html

SOURCE Genomenon

Continue Reading

Technology

Yaber and Pantone Color Institute Reunite: Introducing Yaber Projector L2s in Stunning Misty White and Lunar Rock

Published

on

By

NEW YORK, Nov. 6, 2024 /PRNewswire/ — Yaber, a pioneer of entertainment projectors, continues its strong collaboration with the Pantone Color Institute, introducing Yaber Projector L2s in two distinguished Pantone colors: the newly released Misty White and the previously celebrated Lunar Rock from the K3 series. This partnership elevates the projector’s aesthetic appeal, providing a stylish and accessible option for entry-level projector enthusiasts.

Misty White, emblematic of a vaporous daytime sky, is a softly subtle white with a blue-gray tint,” explains Laurie Pressman, Vice President of the Pantone Color Institute. “Composed and cool in temperature and attitude, it signifies our desire for simple solutions and creative technologies that can enhance our lives.” Misty White brings a sense of peace and tranquility, giving Yaber Projector L2s a role beyond function, turning it into a symbol of refined living.

Reflecting Yaber’s vision of harmonious simplicity in home entertainment, Misty White aligns perfectly with modern, minimalist tastes. Meanwhile, Lunar Rock, with its timeless elegance, nods to Yaber’s successful K3 series collaboration, making it a striking choice for those who appreciate classic design.

Enjoy $110 off the L2s on Amazon U.S., now priced at $159.99 from the original $269.99. With options of the elegant Lunar Rock, the minimalist Misty White, and the standard color, Yaber Projector L2s allows users to express their personal style while enjoying top-tier performance.

About Yaber

Founded in 2018, Yaber stands as a pioneer of entertainment projectors, having successfully delivered over two million units to enthusiasts in more than 120 countries and regions worldwide. Notably, Yaber has been honored with prestigious awards, including the Red Dot Award and the CES Innovation Award 2024.

Yaber is committed to pushing the boundaries of both visual and audio excellence. Every Yaber projector is crafted to deliver exceptional experiences, embodying a pursuit of perfection and offering users outstanding audiovisual quality, as well as an enriching journey of continual self-transcendence.

For the latest updates, visit https://www.yaber.com/collections as Yaber continues redefining entertainment excellence.

Photo – https://mma.prnewswire.com/media/2549783/Yaber_Projector_L2s.jpg
Logo – https://mma.prnewswire.com/media/2348478/Yaber_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/yaber-and-pantone-color-institute-reunite-introducing-yaber-projector-l2s-in-stunning-misty-white-and-lunar-rock-302297268.html

Continue Reading

Technology

Valona introduces cutting-edge foresight tools for global enterprises

Published

on

By

Bridging the gap between operational market intelligence and foresight

HELSINKI, Nov. 6, 2024 /CNW/ — Valona, a global forerunner of AI-driven competitive and market intelligence solutions, is launching a partnership to help companies worldwide integrate foresight with market insights. This initiative enhances strategic readiness by enabling enterprises to anticipate market trends and develop alternative future scenarios.

Valona partners with FIBRES and integrates the market-leading Valona AI platform with FIBRES’ foresight tools. This partnership provides businesses with a unique combination of advanced AI capabilities for real-time insight and forward-looking intelligence. It equips organizations with intuitive tools to visualize future trends and scenarios, enhancing decision-making, strategic agility, and proactive risk management.

The ability to map and track critical weak signals guides senior leadership in steering the company strategically and sustainably in a rapidly changing market landscape.

Kimmo Havu, Valona CEO, states, “Our partnership bridges the gap between strategic foresight and operational market intelligence, providing integrated tools and comprehensive understanding to inform strategies concerning customers, competitors, and suppliers.”

He continues, “Most of our customers operate globally in highly innovative industries where the volume of relevant data has exploded. Making sense of this data is crucial for better decision-making and future scenario building — this is exactly what we want to achieve with this partnership”.

Havu emphasizes foresight’s potential beyond top management, influencing tactical decisions like pricing and product launches. “Mastering foresight provides a competitive edge, keeping companies ahead of trends and disruptions,” he concludes.

Panu Kause, FIBRES CEO, shares his enthusiasm about the partnership: “We are excited to integrate our tool for futures intelligence with the Valona platform. Continuous foresight is a key focus for global organizations today, and our combined tools allow businesses to uncover blind spots, visualize foresight, and develop resilient, future-proof strategies.”

About Valona Intelligence

Valona Intelligence, the premier market and competitive intelligence AI-solution provider acknowledged by Forrester and Gartner, blends generative AI with expert analysis to deliver crucial, relevant insights for large enterprises and manufacturers.

Delivering hyper-relevant, real-time global insights, Valona empowers business leaders to understand their market environment, risks, and opportunities, equipping them with foresight and a global outlook. Supported by an industry-expert analytical team, the Valona AI-powered platform helps businesses meet growth targets, venture into new markets, enhance product development, anticipate supply chain disruptions, manage market threats, and outpace competition.

Valona maintains a proprietary database of over 200,000 unique, industry-specific global business data sources. The information is harvested to generate valuable insights for over 350,000 daily users, translating data from over 120 languages into English.

By monitoring the global business environment 24/7, Valona has served Fortune 500 companies like Goodyear, HSBC, Bosch, Philips, and Cintas since 1999, providing strategic foresight to shape their future.

Learn more about Valona: valonaintelligence.com

Media contact:
Kati Tammisto
CMO, Valona Intelligence
Kati.tammisto@valonaintelligence.com
+358 40 775 7162

Logo: https://mma.prnewswire.com/media/2549045/Valona_Intelligence_Logo.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/valona-introduces-cutting-edge-foresight-tools-for-global-enterprises-302296587.html

SOURCE Valona Intelligence

Continue Reading

Trending